{"id":4083,"date":"2024-12-11T19:25:27","date_gmt":"2024-12-11T19:25:27","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=4083"},"modified":"2024-12-11T19:25:27","modified_gmt":"2024-12-11T19:25:27","slug":"nasdaq-100-rallies-to-record-highs-magnificent-7-market-cap-tops-17-trillion-bitcoin-soars-to-100000-whats-driving-markets-wednesday","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=4083","title":{"rendered":"Nasdaq 100 Rallies To Record Highs, Magnificent 7 Market Cap Tops $17 Trillion, Bitcoin Soars To $100,000: What&#8217;s Driving Markets Wednesday?"},"content":{"rendered":"<div>\n<p><a href=\"https:\/\/www.benzinga.com\/economics\/macro-economic-events\/24\/12\/42436676\/inflation-rises-as-expected-in-november-sustain-hopes-for-next-weeks-fed-interest-rate-cut\">An inline November inflation report<\/a> unleashed a surge of bullish momentum across markets on Wednesday.<\/p>\n<p>Traders priced in near-certainty of a 25-basis-point rate cut at next week&#8217;s Federal Reserve meeting, fueling optimism for a<a href=\"https:\/\/www.benzinga.com\/economics\/macro-economic-events\/24\/12\/42436676\/inflation-rises-as-expected-in-november-sustain-hopes-for-next-weeks-fed-interest-rate-cut\"> more accommodating monetary policy.<\/a><\/p>\n<p>The Consumer Price Index rose by 2.7% year-over-year in November, matching expectations. Core inflation \u2014 excluding volatile items such as energy and food \u2014 remained steady at 3.3%.<\/p>\n<p>Tech stocks took center stage as the Nasdaq 100 rallied 1.7%, notching a fresh record high and logging its best session in over a month. The so-called \u201cMagnificent Seven\u201d mega-cap stocks were the driving force behind the gains.<\/p>\n<p>The <strong>Roundhill Magnificent Seven ETF <\/strong>(NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/MAGS#NASDAQ\">MAGS<\/a>) jumped 2.6%, its best performance since Nov. 6, eyeing its eighth positive session in the last nine trading days.<\/p>\n<p>Six of the seven mega-cap tech giants hit record highs, with the group&#8217;s combined market cap reaching a staggering &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/economics\/macro-economic-events\/24\/12\/42445451\/nasdaq-100-rallies-to-record-highs-magnificent-7-market-cap-tops-17-trillion-bitc\" alt=\"Nasdaq\" rallies to record highs magnificent market cap tops trillion bitcoin soars what driving markets wednesday>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>An inline November inflation report unleashed a surge of bullish momentum across markets on Wednesday. Traders priced in near-certainty of a 25-basis-point rate cut at next week&#8217;s Federal Reserve meeting, fueling optimism for a more accommodating monetary policy. The Consumer Price Index rose by 2.7% year-over-year in November, matching expectations. Core inflation \u2014 excluding volatile [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-4083","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4083"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4083\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}